RMBS - Analyst/Senior Analyst/Associate (NY, Chicago)

krollbondratingagency; New York (NY); Hybrid; USD 75,000 - 95,000; Full time

Benefits offered by this job

Hybrid work schedule

Competitive benefits

Paid time off

401(k) with employer match

Educational and professional support

Employee referral bonus

Job summary

KBRA is seeking a credit analyst for its RMBS team in New York, NY or Chicago, IL. The role involves transaction analysis, collateral reviews, and publication of reports, with remote/hybrid work options and opportunities to travel for due diligence.

The ideal candidate has RMBS experience or related sector knowledge, strong Excel and analytical skills, and effective communication abilities. The role supports rating committees and market commentary publication.

Qualifications

• Bachelor-level degree in a relevant field.

Responsibilities

• Perform transaction analysis including originator/servicer evaluation, loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Assist in the preparation of credit memoranda and presentation of transactions to rating committees.
• Prepare and contribute to individual transaction reports for publication.
• Assist in the publication of market commentaries related to topical events or research.
• Engage in ongoing surveillance of rated transactions and updating ratings as warranted.
• Attend and participate in seller/servicer due diligence (which, in some cases, may require travel).

Skills

RMBS knowledge

Excel

VBA

Python

R

SQL

Communication skills

Attention to detail

Initiative

Generative AI

Education

B.A./B.S. degree

MBA

Tools

CoreLogic

Fannie/Freddie Data

Intex

Job description

Position Title

RMBS - Analyst/Senior Analyst/Associate (NY, Chicago)

Entity

Kroll Bond Rating Agency, LLC

Employment Type

Full-time

Location

New York, New York, Chicago, IL

Summary/Overview

KBRA (Kroll Bond Rating Agency) is seeking a credit analyst to join our Residential Mortgage-Backed Security (RMBS) team in its New York, NY or Chicago, IL office. The ideal candidate will have experience in RMBS, knowledge of the residential mortgage sector, or experience in a related field. An Analyst within the RMBS group is part of the transaction rating team, working with other members of the team through all aspects of the rating process from collateral analysis to report publication.

About the Job

• Perform transaction analysis including originator/servicer evaluation, loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Assist in the preparation of credit memoranda and presentation of transactions to rating committees.
• Prepare and contribute to individual transaction reports for publication.
• Assist in the publication of market commentaries related to topical events or research.
• Engage in ongoing surveillance of rated transactions and updating ratings as warranted.
• Attend and participate in seller/servicer due diligence (which, in some cases, may require travel).

Qualifications

You will be successful in this role if you have :

• B.A. / B.S. degree in a relevant field of study.
• Analyst level: zero (0) to two (2) years of experience in performing credit analysis within the RMBS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment.
• Senior Analyst/Associate level: Either a minimum of two (2) or more years of experience in performing credit analysis within the RMBS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment or an advanced degree such as an MBA.
• Strong Excel skills (excel test may be administered as part of the interview process).
• Strong oral and written communications skills (writing sample on request).
• Exceptional attention to detail.
• Ability to take initiative, work independently, and work closely with partners in a collaborative environment.
• VBA, Python, R and SQL skills are a plus.
• Familiarity with resi-mortgage datasets and tools such as CoreLogic, Fannie/Freddie Single Family Data, Intex etc. is a plus.
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

Salary Range

• The anticipated annual base salary range for this full-time position is $75,000 to $95,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

Benefits

• A hybrid work schedule (Tuesday, Wednesday, Thursday in the office)
• Competitive benefits and paid time off
• Paid family and disability leave
• 401(k) plan, including employer match (100% vested)
• Educational and professional development financial assistance
• Employee referral bonus program

About Us

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Equal Opportunity Statement

KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by federal, state or local law.